Looking at Westralian Gas and Power Limited who are listing on the ASX on March 23rd.- Anyone else interested in this listing?
Gas is produced in Western Australia in abundance and Westralian Gas and Power appear set for a prosperous future, exploring and producing CSM Gas, which is a natural gas and will be distributed to the southern parts of Western Australia as yet an untapped market.
The Western Australian government recently released its petroleum gazette containing a detailed article on the potential of CSM and a list of the five most prospective areas in Western Australia for CSM exploration.
“They highlighted the areas with the best potential and we had the most prospective of them,” said Peter Briggs, Executive Chairman of the company.
Westralian hopes to replicate the success of Sydney Gas, who produces CSM gas from sites in the Hunter Valley of New South Wales. The similarities are striking, as Sydney Gas’ tenements are located close to the Hunter Valley’s famous vineyards, while Westralian is beginning their exploration near the Margaret River, home of one of Australia’s premier wine districts.
Click here for more information or a copy of the prospectus http://www.australianinvestor.com.au/link.asp?key=west